Golden State Wealth Management LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Golden State Wealth Management LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 896 shares of the credit services provider’s stock, valued at approximately $76,000.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp increased its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its position in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL opened at $78.24 on Tuesday. The firm has a market capitalization of $77.40 billion, a PE ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm’s 50-day moving average price is $87.52 and its 200 day moving average price is $79.79.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley reduced their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.